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M. Terry Turner, CEO of Pinnacle Financial Partners Inc. (NASDAQ:PNFP), a $7.6 billion market cap financial institution currently trading near its Fair Value according to InvestingPro analysis, recently executed a series of transactions involving the company’s common stock. On March 12, Turner sold 2,000 shares at a weighted average price of $100.63, totaling $201,260. This sale follows a series of transactions on March 11, when Turner acquired 35,577 shares through the vesting of performance units, which were settled in stock at no cost. Additionally, Turner retained 14,000 shares to cover withholding taxes, valued at $99.42 per share. After these transactions, Turner holds 254,552 shares directly. The stock has experienced significant volatility recently, declining 8.3% in the past week, though maintaining a solid track record with 13 consecutive years of dividend payments. Discover more insights about PNFP’s performance and access 8 additional ProTips with a comprehensive Pro Research Report on InvestingPro.
In other recent news, Pinnacle Financial Partners has announced its 2025 Annual Cash Incentive Plan, which ties employee rewards to the firm’s performance metrics, including earnings per share (EPS) and total revenue targets. The plan, approved by the company’s Human Resources and Compensation Committee, allows employees to earn cash incentives ranging from 10% to 125% of their base salary. Additionally, the company has granted equity awards to key executives, including time-based restricted share units and performance-based units, under its Second Amended and Restated 2018 Omnibus Equity Incentive Plan. These awards are part of a long-term incentive plan, with vesting conditions linked to the company’s performance metrics and total shareholder return.
In terms of analyst activity, Citi analyst Benjamin Gerlinger recently increased the price target for Pinnacle Financial to $148, up from $132, maintaining a Buy rating. Gerlinger attributes this adjustment to Pinnacle Financial’s notable loan growth and strategic hiring practices, which have distinguished it within the regional banking sector. The analyst also highlights that Pinnacle’s growth potential is expected to continue, with a positive earnings per share outlook for 2026 and 2027. Despite potential short-term challenges in net interest margin due to deposit growth, Gerlinger remains optimistic about the company’s long-term financial performance.
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